In this video I talk about the breaking news surrounding silver. The FED is talking about cutting rates. The Dollar has the potential to get get a lot weaker. I talk about silver price predictions and more! If you want the current silver news then this is the video for you. At the end of the video I give my thoughts on silver price and where I see silver going from here. If you are wanting to invest in silver or start stacking silver then this video is for you. I believe it is important to buy silver to protect your wealth. I like to buy silver coins, silver bars, and silver rounds. I think physical silver is something everyone should own. I hope this silver news update is helpful to new silver stackers and veteran silver investors as well.

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    What’s up YouTube Silver dragons here and in this video we’re talking about the big news for silver this week what’s it doing right now and most importantly what’s it going to do next year in 2024 let’s get into it buy your gold and silver online from SD bullion new customers get gold or

    Silver at spot by visiting sdbullion.com slne thank you so much for watching I do sincerely appreciate it we are looking at the onewe chart for silver as you can see a week ago silver was at $22 82 currently it is sitting at $238 so over the last week silver is up

    Around a buck but uh it is trending down for the day down 14 cents but what’s the big news surrounding silver right now one of the biggest precious metals news outlets in the country country who also deals in Precious Metals has had some security issues with their website and

    It’s actually been down for a number of days their name is Kitco and I’ve referenced them many times in previous videos we can read right here other services and online store temporarily unavailable our website is currently experiencing A disruption due to a cyber security incident hm that’s a little

    Concerning our team is actively working to resolve this issue as quickly as possible we are committed to ensuring the security and integrity of our services and apologize for any inconvenience this may cause so basically if you try to go to any of their website links any old articles

    Anything at all you come to this page right here and the only thing they’re really offering right now is uh chart for gold and a chart for silver I suppose they have uh some of the other precious metals as well well but they have no ability to buy products from

    Their store uh no ability to read any of the old articles or anything like that so this is really interesting that they’re having a uh cyber security incident as they put it and I wonder if this is going to have an impact on the people who have actually bought from

    This website you know is your information going to be released I have no idea I mean they don’t go into any detail and I’ve not been able to get any answers from them but uh hopefully in the next few days this will be resolved and they’ll actually tell us what

    Happened I mean I’m super curious what’s going on with this if you have any information definitely put it down below in the comment section Silver’s window of opportunity is closing with prices poised for an explosive move in 2024 that’s the headline for this new market watch article which just came out

    A few days ago fed rate Cuts next year likely will help fuel a rally in silver prices so does the green energy push silver prices could be headed for an explosive rise in 2024 if Global supplies continue to fall short of demand and the Federal Reserve makes

    Good on its plans to Pivot to interest rate Cuts in the coming months according to metal Market analysts while silver this year has underperformed formed gold which saw prices touch record highs this year the opportunity to snap up silver at bargain prices may be brief the

    Window for buying silver in the low to mid 20s is ending said Peter Spina president of silver news and information provider Silvers seek.com it is likely that silver price is next year will be pushing up toward the major 30 an oun technical resistance he told market watch adding that he fully believes that

    The price barrier will fall fed chairman Jerome Powell on Wednesday had said officials from the Central Bank were starting to discuss when to cut interest rates when they do it will be a catalyst for higher gold and silver prices perhaps much higher we are in a secular

    Bull market now this is not the bare Market of 2012 to 2018 if we take a look at the new Target rate probabilities over at cmegroup.com we can see at the next meeting on January 31st they’re predicting that there will not be a rate cut they’re predicting rates will stay

    Right where they are 91.7% chance however 88.3% chance that rates will start falling as early as January fast forward to March this is when they’re predicting the First Rate cut 63.4% % chance of a rate cut in March and then in May they’re predicting yet another rate cut will have taken place

    52.4% chance that rates will be down to 475 to 500 so it’s looking like we are going to see some rate Cuts early next year so the buying opportunity for silver and gold might be narrowing moving back over to the article they do talk about silver demand in the coming

    Years so the report from the silver Institute showed that Global industrial demand for silver is expected to grow by 8% to a record 632 million ounces this year buoyed by investment in photovoltaics used in solar energy power grid and 5G networks growth in consumer electronics and Rising vehicle output

    The report showed 2023 Global silver Supply estimated at about 1 billion o while total demand is seen at a larger 1.43 billion o Metals Focus said it believes the deficit will persist in the silver market for the foreseeable future the only last Big Driver missing for silver prices to explode is investor

    Interest said Spa keep in mind that silver is a precious green medal he said it benefits from strong growth in mandated green energy demand which will continue to push industrial demand to Fresh records he expects silver prices to rechallenge $30 an ounce within the coming months if not sooner watch gold

    Prices for the initial Direction he said if the gold price is moving to record price highs in the coming weeks silver is in the perfect setup to test $30 with a likely breakout to $50 an hour counts coming in 2024 wow that is an incredibly bullish prediction now I personally don’t see

    Silver moving that high that fast but if it does man prices right now certainly do look like a great buying opportunity we are nearing the end of the year and we’ve seen a lot of volatility for silver we saw it go all the way down to

    $20 an ounce in March all the way up to $26 an ounce in May however if if we were to end right now it’s very close to where we started the year at $24.10 so lots of volatility however silver did not make any big moves this year gold definitely

    Made some big moves hit a new all-time high for intraday price trading but uh I think next year is going to be the big one because those Fed rate cuts are just so bullish for Metals they’re bad for the dollar and silver typically does the opposite of whatever the dollar does so

    If the dollar goes down next year I definitely see silver moving much higher feel free to put your price predictions Down Below in the comment section thank you so much for watching and I will see you all in my next one silver dragons out

    38 Comments

    1. To all the experts calling for flat , review the nickle chart . Since all news is bs we have to go by demand which is up, and short selling by the gov is the only way to increase virtual supply and fake a stock pile .

    2. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

    3. I honestly think a lot of these websites are just simply mismanaged.. I’ve been waiting for it. Better keep it physical if you’re just buying for savings… which that’s what you should be doing. If you’re buying precious metals for passive income you’re wrong. I’d gladly to tell you why.

    4. Silver Dragons when reacting to an end of year report/cup & handle graph in 2022 talking 2023 predictions stating the expectation is silver will be at $32-$36 at the end of the year, "That is exactly what I think is going to happen as well. I'm expecting silver to start breaking-out in Q3, Q4…"

      Swing and a miss.

    5. I have noticed my LCS is buying 1 oz gold American Eagles and Buffalos at 5 dollars below spot. They are also buying 1 oz generic silver rounds at 40 cents below spot. This is quite common at other shops. I guess shops don't want your gold and silver now

    6. I’m a big silver investment. So think about this bitcoin from 17k to 42k within 1 year that’s more then double. Or triple. Silver 10 year ago at $22 that’s when I sell some to buy my house now it’s $24 that’s down big times last 10 years we don’t have that many 10 years in our life time. What say you??? By the way my house now double in price. So if you put 10k into silver 10 year ago. It’s failure now am I wrong? With price inflation it’s down down down last 10 years anyone can answer my question? If I keep all in $100 bills it’s still would be the same. Don’t go crazy what you believed in sometimes it could be wrong. Just ACCEPT your wronggg!!!!!

    7. This is the Time to Stack little by little each week!🥈🥈🥈 It’s very Affordable & Precious, I wouldn’t be surprise if it went $40.00 + Plus by the Middle of the Year 2024!!! 🤑🤑 And if I am wrong it’s OK, I’ll have nice big stack of Silver in my Inventory!!!🥈🥈🥈

    8. I greatly appreciate this incredibly enlightening video. Throughout times of economic turbulence, gold and silver have earned a reputation for their stability. Yet, it's essential not to underestimate the significance of cryptocurrencies, which present distinct opportunities such as liquidity, around-the-clock market access, and the potential for significant profits. Embracing the realm of crypto trading in this digital age could prove to be a prudent choice for substantial expansion. I'm indebted to Francine Duguay for her expert guidance, as it led to a remarkable portfolio growth of 19 BTC in just seven weeks!

    9. actually tied to political and economic tensions – and of course, War ~ I expect steady hold in the $2 up/down range until April for a spike. (political lashback reasons and civil turmoil expected then)

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